UP Hotels Ltd — Important, 28-05-2026: Company Update

U. P. Hotels Limited submitted its annual compliance report for the past financial year. The report highlights non-compliance with minimum public shareholding (MPS) norms, resulting in substantial fines from the stock exchange. The company is seeking an extension for its voluntary delisting process, for which the market regulator granted some MPS relaxation. Additionally, the company has not achieved 100% dematerialization of promoter shares, with accounts frozen by regulators. Lastly, previous years' related party transactions, currently part of an ongoing legal case, remain unapproved by the Audit Committee, pending a court decision.